Nvidia Stock Could See 81% Upside By 2025, Says Evercore ISI: 'Only In The Beginning Phases Of Generating Outsized Returns'
Portfolio Pulse from Benzinga Neuro
Evercore ISI has initiated Nvidia (NASDAQ:NVDA) with an 'Outperform' rating and a price target of $1,160, indicating a 36% potential upside from current levels. In a bullish scenario, Nvidia's stock could see an 81% increase to $1,540. The firm highlights Nvidia's leading role in the AI ecosystem, which is expected to drive significant efficiency gains. Nvidia's strategic moves, including launching new AI chips for China, are seen as positive steps towards capturing a dominant share of the parallel processing market, potentially worth over $350 billion by 2030.
April 18, 2024 | 3:29 am
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Evercore ISI's 'Outperform' rating and price target of $1,160 for Nvidia, with a potential 81% upside in a bullish scenario, underscore the company's strong position in the AI market and strategic initiatives for growth.
The positive outlook from Evercore ISI, based on Nvidia's leadership in AI and strategic market positioning, including its response to U.S. sanctions with new products for China, suggests a strong potential for stock price growth. The firm's analysis points to Nvidia's ability to capture significant value in the parallel processing market, which is expected to be worth over $350 billion by 2030. This bullish scenario, combined with the analyst's confidence in Nvidia's ecosystem and future prospects, supports a positive short-term impact on NVDA's stock price.
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